Cotton Sales Turnover Improved Zheng Cotton Futures Market Began To Shock Upward In April

After April, the focus of the Zheng cotton futures market was on the upswing, stimulating the spot market to improve.

The quantity of imported cotton was increased by textile enterprises, and the volume of imported cotton was at a high level.

Some of the better quality cotton and Xinjiang cotton prices remain strong.

Zheng cotton futures market began to oscillate upward since the beginning of this month, and now it has recovered to 15200 yuan / ton.

Affected by the impact of imported cotton trading activity, the port and Macao cotton RMB sales quotations of 16800-16900 yuan / ton (net weight, self mention, take the ticket, the same below), Brazil cotton quotes 15800-16000 yuan / ton, Mexico quotes at 15500-15700 yuan / ton.

Most of Xinjiang cotton is stored in futures delivery warehouses, and enterprises sell insurance packages in futures market. Some cotton enterprises 3128B grade, strong and better lint sale quotations are 15800-16100 yuan / ton (fixed, self raised, with tickets), and the lower price is 15700-15900 yuan / ton.

Market analysis, the main reason for the improvement of cotton sales turnover, on the one hand, is affected by the rise of Zheng cotton futures market, on the other hand, the price of cotton yarn spot market is relatively stable, and the spot turnover of cotton yarn is better.

Later textile enterprises continue to pay attention to the progress of Sino US trade negotiations.